They own 100% of the project, 100% of the concession, and 86% of the resource. I think, we need to read the fine print on the annual report to understand this. Otherwise you would expect the 14% holders to be matching 14% of the costs.
Malte great work on this, always good to review when revisiting the thesis… with your NPV projections I guess you would have to also account that Oroco only owns 86% when projecting the stock price for potential buyout.
They own 100% of the project, 100% of the concession, and 86% of the resource. I think, we need to read the fine print on the annual report to understand this. Otherwise you would expect the 14% holders to be matching 14% of the costs.
oupy
Malte great work on this, always good to review when revisiting the thesis… with your NPV projections I guess you would have to also account that Oroco only owns 86% when projecting the stock price for potential buyout.
c